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Colin's BrainMass Content

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This book is aimed at students of introductory Microeconomics courses. By following the detailed solutions to the sample problems, you will learn how to solve the most common math-based questions on Microeconomics assignments and tests. Focusing on the economic decisions that firms make, the book sh READ MORE »

A bank in a medium-sized Midwestern city, Firm X, currently charges $1 per transaction at its ATMs. To determine whether to raise price, the bank managers experimented with a number of higher prices (in 25 cent increments) at selected ATMs:

Managers are very interested in how a consumer makes a choice among alternatives. In this exercise, we ask you to consider the amount of money you spend purchasing gasoline to operate your automobile for a month and any alternatives available to you assuming your net income available to make those p READ MORE »

Using optimization theory, analyze the following quotations:
a. The optimal number of traffic deaths in the United States is zero.
b. Any pollution is too much pollution.
c. We cannot pull U.S. troops out of Iraq. We have committed so much already.
d. If Congress cuts out the NASA space stati READ MORE »